Seb flipbook 2nd qtr

2016 Sebastian Mid-Year Real Estate

MARKET REPORT 1209 US-1 Sebastian, FL 32958

772-589-7777

4625 Highway A1A Vero Beach, FL 32963

232 5th Ave Indialantic, FL 32903

772-231-4880

321-951-3300

Sebastian

Mid-Year Comparison 2016 to 2015 Inventory Levels Tight for Sebastian Homes in 2016 Supply of available single family homes for sale has significantly decreased in the Sebastian Housing Market, with overall inventory declining -58.3% over last year’s numbers. With fewer homes for sale, prices are slowly but steadily increasing, with modest gaines leading to 13.2% overall increase in average price. Sales are robust at the mid-level of the market, for homes priced $250k-$500k, with an increase in sales of +27%. The lack of inventory has impacted sales at other levels of the market, slowing -9.6% over last year.

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366 -9.6%

Homes Sold

Pricing a home to sell is key in this market. With inventory continuing to be tight, now is precisely the right time for homeowners to explore just what their home is worth.

It bodes well for sellers who want to list and sell their property quickly to work with a savvy real estate agent to ensure their home is priced competitively.

Average Price ď ƒ+13.2%

$182K

SINGLE FAMILY HOMES Price Point Under $100,000

$100,001 to $250,000

$250,001 to $500,000

Over $500,000

Total

Year

Homes Sold

Current Listings

Month’s Supply

Average Price

2016

28

1

0.2

$71,515

2015

80

40

0.9

$73,014

Change

-65.0%

-97.5%

-76.2%

-2.1%

2016

287

78

1.6

$166,938

2015

285

216

4.4

$161,197

Change

+0.7%

-63.9%

-62.9%

+3.6%

2016

47

40

5.1

$296,415

2015

37

39

8.4

$321,804

Change

+27%

+2.6%

-39.2%

-7.9%

2016

4

11

0

$746,250

2015

3

17

0

$541,667

Change

+25.0%

-35.3%

0%

+37.8%

2016

366

130

2.1

$182,596

2015

405

312

4.1

$161,269

Change

-9.6%

-58.3%

-48.0%

+13.2%

Your Housing Forecast!

FOR SELLERS:

HOT & SUNNY! Your home could be the one that buyers are waiting for! Let’s work together while the market is HOT!

FOR BUYERS & INVESTORS: Skies not so clear...With inventory tight, it takes an experienced and savvy realtor to navigate! Let me be your GUIDE!

CALL US TO FIND OUT HOW MUCH YOUR HOME IS WORTH IN THIS TIGHT MARKET! 772-589-7777

R E C E N T LY S O L D S E B A S T I A N P R O P E R T I E S : ON COVER!

$429,900

109 Wood Stork Way

$240,000

1538 Cownie Lane

$233,000

280 Concha Drive

E X C L U S I V E LY P R E S E N T I N G :

$699,000

11335 S Indian River Dr.

$365,000

12420 Roseland Rd

$325,000

770 Gossamer Wing Way

A B O U T C O L DW E L L B A N K E R PA R A D I S E : Voted BEST Indian River County brokerage by the readers of Treasure Coast Newspapers,Coldwell Banker Paradise is the oldest and largest, full service real estate company on the Space and Treasure Coast. Originally established by Ed and Marguerite Schlitt over 63 years ago in Vero Beach, the company is now owned by sister and brother team Linda Schlitt Gonzalez and Steven Schlitt. We are proud to boast that we have over 270 savvy real estate agents and 48 full time staff, including an exceptional fully staffed marketing department.

We represent luxury, residential and commercial deals, along with having a property management division in each of our ten offices.

C O L D W E L L

B A N K E R

P A R A D I S E

www.flcoldwellbanker.com